On Friday, Northland analysts upgraded Bitcoin Depot stock (NASDAQ:BTM) from Outperform to Outperform, setting a new price target of $5.00, up from the previous $3.25. The upgrade follows Bitcoin Depot’s first quarter 2025 earnings report, which revealed revenues and adjusted EBITDA that exceeded both the company’s guidance and Northland’s estimates. According to InvestingPro data, BTM has shown remarkable momentum with a 24% return in the past week alone, though the RSI suggests the stock is currently in overbought territory.